Investors took their cues from the weakening dollar. There's still a lot of uncertainty about the economic and political environment. Needham downgraded Electronic Arts to Hold from Buy after earnings and following yet another round of reductions to their earnings forecasts. After hours, Micron announced agreement to acquire Numonyx in all-stock transaction. QQQQ implied volatility inched lower.
Wednesday, February 10, 2010
Pushed higher
Investors took their cues from the weakening dollar. There's still a lot of uncertainty about the economic and political environment. Needham downgraded Electronic Arts to Hold from Buy after earnings and following yet another round of reductions to their earnings forecasts. After hours, Micron announced agreement to acquire Numonyx in all-stock transaction. QQQQ implied volatility inched lower.
